As Bitcoin retreats from $111.8k, selling pressure comes mainly from intra-cycle seasoned holders realizing substantial gains. The 7-day SMA of daily profit realization (excluding intra-entity flows) peaked at $1.47B per day last week, highlighting intense capital rotation.
This marks the fifth wave this cycle where daily profit-taking exceeded $1B—events that often coincide with local tops or slowdowns if incoming demand can't absorb the selling scale. This tests the market's resilience against elevated selling pressure.
The $BOB token is making waves with an explosive 138% surge in 24 hours, skyrocketing its market cap from $10M to $25M and gaining 4,000+ new holders. Built on BNB Chain, $BOB offers low fees, fast transactions, and strong blockchain support—setting it apart from Ethereum-based memecoins.